Vascon Engineers, Pune
are planning to develop two "green" projects in Baner - Willows, a residential
project, and Eco tower, an office complex .
Willows, a residential
projects involves an investment outlay of Rs.400 crore and it will be developed
in phased manner. It will come up on 18 acre and the first phase will have 80
flats, ranging from 2,500 sq ft to 3,000 sq ft, and some penthouses of 6,000 sq
ft. The company has already invested Rs.100 crore in the residential project for
which the construction work has already begun. The project is likely to be ready
by end-2009. The second phase will consist three towers of 25 storeys each and
it is scheduled to begin by September 2009. The company is waiting for the
necessary approvals for the second phase.
Eco Tower will be
developed at an investment cost of Rs.65 crore and it will have 80,000 sq ft of
built-up space on a two-acre plot, with greenery, open spaces and podium
parking. Construction has begun and the building will be ready by June 2010.